WHERE PRICE IS TODAY @1.63500 WE HAVENT HAD A DAILY OR WEEKLY CANDLE CLOSURE ABOVE THIS LEVEL SINCE THE BEAR MARKET OF THE 2009 RECESSION CRASH.
ABOVE MY PURPLE KEY LEVEL IS UNKNOWN TERRITORY WHICH HAS BEEN REJECTED MULTIPLE TIMES
WITH AXY WEAKNESS WE MAY SEE CONSOLIDATION BEFORE SELL OFF
TREND LINE BREAK & RETEST HAS TAKEN PLACE
1.6100 IS ALWAYS RETESTED...
-PRICE AROUND A STRONG LEVEL FOR THIS PAIR (1.9300)
-SHOOTING STAR CANDLE CLOSUURE
-PRICE SITTING UNDER WEEKLY TIMEFRAME SIMPLE MOVING AVERAGE AND WEEKLY KEY LEVEL
-CONSOLIDATION COULD TAKE PLACE BEFORE SELL OFF
-AWAITING PRICE CONFIRMATION IN STRONG BEARISH CANDLE FORMATION
-GREAT 300 PIP SWING TRADE
If we continue to see several/indesicive signs on this pair I am looking for around 70 pips to the downside back to my white counter trend line.
Its important price stays on the bottom side of the pink trend line to see this play out going into Newark and aisa sessions
Good afternoon from the UK, well what do we have here? the last time i Traded this pair was around the 1st May looking for the decline to 0.8700 (Please see the related idea). Here we go again.
What i can see is my weekly key level no longer acting as a floor support which broke through but now a ceiling resistance with long wicks rejecting the 0.8900 price...
Good Morning from the UK. With the DXY being real weak this week its allowed gold to soar to yearly highs! As we know what goes up must come down. But when?
I have a longterm weekly Pink trendline across the top of which price rejected and closed under on Fridays closure as price was entering the 'unfamiliar' territory.
The price range of 1340.00 - 1350.00 is...
-WEEKLY TIMEFRAME HAMMER CLOSURE
-HAMMER AFTER 8 DAY BEARISH TREND\
-HELD AT DAILY PURPLE RESISTANCE AT 0.65150
-DAILY & H4 BREAK OUT OF BEARISH TREND
-NO LONGER SITTING BELOW MOVING AVERAGES ON H4 DAILT TIMEFRAMES
-FIB RETRACEMENTS WORK AS TARGET ZONES
-MONTHLY RESISTANCE ACTING AS RESISTANCE
-FIRST DAILY BEARISH CLOSURE AFTER 15DAYS (3WEEKS)
-WEEKLY SPINNING TOP CLOSURE (SLOW DOWN OF MOMENTUM)
-FIBONACCI RETRACEMENT LEVELS TO BE MET
-TRENDLINE TOUCH, REJECTING A BREAK ABOVE